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I am currently living in India and I've NEVER worked/living in US. Here is my case summary :
Employer A filed an H1B petition for me in 2012 which got approved recently. I also interviewed with another Employer B who is willing to get H1B for me in 2013.

1) If I do not get an H1B stamped and then work based on approved petition by Employer A, then what happens to it? Will it automatically get cancelled after some time? Can i get H1B stamped (and then travel) based on it after a few months (say 6-8 months) if I do not have any other option?

2) Can Employer B file a H1B cap-exempt petition for me in 2013 based on the fact that I have a cap-subject approved petition in 2012? Note that I have never held employment based on cap-subject petition.

People like you and Off shoring Tech companies likes Infosys, TCS, Wipro eats up all the pie leaving qualified professionals from other countries and fields of Life Science, Medicine, Health and other non tech fields

As per the LCA for H1B visa last year, 45% of 65000 H1B visa applied by just these 3
offshoring tech companies....

People like you and Off shoring Tech companies likes Infosys, TCS, Wipro eats up all the pie leaving qualified professionals from other countries and fields of Life Science, Medicine, Health and other non tech fields

As per the LCA for H1B visa last year, 45% of 65000 H1B visa applied by just these 3
offshoring tech companies....

Unbelievable Infosys take 24.3% of entire 65k visa.... ?

+1

In addition people like OP are the ones coz of whom consulting companies have to come up with ridiculous contracts.